News - Acting Governor of West Java: Investment Efforts Play a Role in Economic Growth

Acting Governor of West Java: Investment Efforts Play a Role in Economic Growth

Sep, 23 2024

Bandung (ANTARA) - Acting Governor of West Java Bey Machmudin emphasized that efforts to boost investment have yielded sweet results in West Java's economic growth rate, which remains stable.

Bey said, in terms of economic growth, West Java's economy remained stable in the second quarter of 2024, with an annual growth rate of 4.95 percent.

"This stability is largely driven by the investment sector, which grew by 1.40 percent," he said at the 2024 West Java Investment Summit (WJIS) in Bandung, Thursday.

This surge in investment has had a significant impact on labor absorption from 119,866 workers in the first half of 2023 to 185,967 workers in the first half of 2024.

"These figures clearly show a direct relationship between investment realization and job creation," he said.

Bey pointed out that investment realization in West Java jumped from IDR 103.6 trillion in the first semester of 2023 to IDR 128.32 trillion in the first semester of 2024. This increase shows the attractiveness of this province and its success in creating a good investment climate.

"More importantly, this increase in investment has a direct impact on job creation," he said.

In the first semester of 2023, as many as 119,866 people were absorbed into the world of work, and this number increased sharply to 185,967 people in the first semester of 2024.

Because of this, Bey ensures that there is a direct relationship between investment and employment, showing the important role of investment in West Java's economic growth.

According to him, West Java's economic development is not just about numbers, but also about improving the quality of life, opening up opportunities and building a better future. Since 2010, economic growth has been stable at 5-6 percent with per capita income ranging from 2,300 US dollars to 2,500 US dollars.

"This progress continues, building a strong foundation for future development," he said.

(SOURCE)

West Java Provincial Government Explores Cooperation with Chinese Investors for the Development of TPPAS Cirebon Raya

PRFMNEWS - In an effort to handle waste in the Cirebon Raya area, the West Java Provincial Government (Pemprov) will maximize the Cirebon Raya Waste Processing and Final Processing Site (TPPAS). In optimizing the Cirebon Raya TPPAS, the West Java Provincial Government plans to apply incineration technology. Related to this, West Java Regional Secretary Herman Suryatman received a visit from the Zhejiang Weiming Environment Protection team from China and the ranks of the Coordinating Ministry for Maritime Affairs and Investment of the Republic of Indonesia at West Java International Airport (BIJB) Kertajati, Majalengka Regency, Monday, July 22, 2024. The meeting was a follow-up to a working visit on June 13-16, 2024 to Shanghai, China, related to waste treatment with incineration technology. “We received the Zhejiang Weiming Environment Protection team along with the Kemenko Marves team. This is a follow-up to the working visit the other day to Shanghai, China related to waste management using incineration technology,” he said. Herman revealed, at the two-hour meeting, Zhejiang Weiming Environment Protection offered incineration waste processing without tipping fees. This can be explored more deeply as one of the technology options for the Cirebon Raya Waste Processing and Final Processing Site (TPPAS). “They are exploring the possibility of investing in waste to energy in Cirebon Raya,” said Secretary Herman. After the meeting, the Zhejiang Weiming Environment Protection together with the Kemenko Marves RI team and the West Java Provincial Government officials visited the Cirebon Raya TPPAS candidate plan in Walahar Village, Gempol District, Cirebon Regency. SOURCE

Jul, 24 2024

Geothermal Energy Investment in Indonesia is Increasingly being Looked at

KONTAN.CO.ID - JAKARTA. Investments in the new and renewable energy (EBT) sector, especially geothermal energy, aka geothermal, are increasingly being attracted by investors. Five companies, such as Sinarmas and Medco, are also securing geothermal assets with a total investment of IDR 27 trillion. The Ministry of Energy and Mineral Resources (ESDM) announced 5 winners of the auction for Geothermal Working Areas (WKP) and Preliminary Survey and Exploration Assignment Areas (WPSPE) in 2024. In detail, there are 320 megawatts (MW) of geothermal potential that will be exploited by 5 companies with a total investment of US$1.82 billion (equivalent to IDR 27.91 trillion assuming the current exchange rate). "Mr President will respect the determination of domestic and foreign business entities as auction winners for 7 geothermal areas," said Minister of Energy and Mineral Resources Bahlil Lahadalia, Wednesday (18/9). The Ministry of Energy and Mineral Resources also announced the results of the bid for 7 Geothermal Working Areas and Preliminary Survey and Exploration Assignment Areas (WPSPE), namely: WKP Cisolok-Sukarame 40 MW. Winner PT Daya Anugrah Sejati Utama, a subsidiary of Sinarmas. Investment US$ 210.5 Million WKP Nage 40 MW. Winner PT Daya Anugerah Sejati Utama, a subsidiary of Sinarmas. Investment US$ 205.7 Million Hu'u Daha WKP 60 MW. Winner PT Sumbawa Timur Mining. Investment US$ 404.4 Million WKP Toka Tindung 40 MW. Winner PT EDC Indonesia. Investment of US$ 228 Million WPSPE Koto Sani Tanjung Bingkung 40 MW. Winner PT EDC Indonesia. Investment 228 Million WPSPE Bora Pulu 40 MW. Winner PT Medco Power Indonesia. Investment of US$ 229 Million WPSPE Samosir 40 MW. Winner PT Medco Power Indonesia. Investment of US$ 202 Million Trim Licensing Duration To encourage investment in the geothermal sector, the Government is considering relaxing investment licensing in the geothermal sector. This licensing relaxation will provide fresh air to accelerate the construction of Geothermal Power Plants (PLTP). The granting of this permit relaxation is to accelerate geothermal development by speeding up licensing times which is considered to be one of the current obstacles. This permit relaxation is granted because investment in the geothermal sector has complicated permits that require quite a long time, making investors in this sector less interested. President Joko Widodo said that it would not be strong if you had to be an investor who had to wait 5-6 years to start PLTP construction in Indonesia. Jokowi admitted that he was surprised because so far geothermal development in Indonesia has not proceeded quickly. In fact, Indonesia has large geothermal potential, namely 24 gigawatts (GW). Apart from that, many investors are starting to look at developing new and renewable energy “Imagine just 5 - 6 years to start construction. That's if people are impatient, if investors are impatient, it's impossible to do it, wait up to 6 years. If I'm not strong. "I am, even though many say I am patient, waiting 6 years is not strong enough," said Jokowi at the IIGCE 2024 agenda in Jakarta, Wednesday (18/9). Likewise, Minister of Energy and Mineral Resources Bahlil Lahadalia said that Indonesia has the largest geothermal potential in the world at 40% or the equivalent of 24 Giga Watt (GW). Currently, PLTP capacity has reached 2.6 GW or the second largest in the world. Meanwhile, PLTP electricity capacity reaches 18.5% of the total national New and Renewable Energy (EBT) electricity. The construction of the PLTP has created approximately 900 thousand jobs and is able to contribute approximately IDR 16 trillion to the country. PLPN continues to grow with a 10% increase in the potential utilized by Indonesia. On the other hand, said Bahlil, there are still several issues that make the use of geothermal energy the main challenge. Bahlil said that the requirements and permits in the EBT sector are complicated and take a long time, causing doubts for investors. "We will cut both terms and time to encourage investors to accelerate investment. So investors don't need to hesitate. I have reported that President Jokowi and President Prabowo will carry out various constructive reform steps in acceleration," said Bahlil. Bahlil said that the exploration time for geothermal fields takes 2-3 years, construction can only be carried out in the 6th year, this creates obstacles for Indonesia to achieve Net Zero Emission (NZE) 2060. (SOURCE)

Sep, 20 2024

Investment in Karawang in the first quarter of 2025 reached Rp15.3 trillion

Karawang (ANTARA) - The Investment and Integrated Services One Door Service of Karawang Regency, West Java, recorded the realization of investment that entered the Karawang region in the first quarter of 2025 reached Rp15.3 trillion. Head of the Investment and Integrated Service of One Door Karawang, Wawan Setiawan, mentioned that during this time the investment achievement in Karawang is quite high. In a year ago, January-December 2024, broke the figure of Rp68.5 trillion. In accordance with the data on the development of investment realization in West Java, in the first quarter or January-March 2025, the realization of investment in Karawang swallowed reached Rp15,348,399,003,693. With this achievement, Karawang still ranks second highest investment value in West Java region. While the first order is Bekasi Regency which in the first quarter the investment value reached Rp21.3 trillion. Then the third order is Bogor Regency which realizes the value of its investment until the first quarter reaches around Rp7.1 trillion. Followed by Purwakarta which reached around Rp4 trillion, and Bekasi City was around Rp3.4 trillion. Wawan said, the investment that enters the Karawang region is foreign investment and domestic investment, which is mostly capital-intensive investment. Meanwhile, when compared to the first quarter of 24, the realization of investment that entered Karawang throughout the first quarter of this year was lower. Recorded in the first quarter of 24, the realization of investment in Karawang reached Rp16.3 trillion. While in the first quarter of this year, the realization was recorded at Rp15.3 trillion. However, the realization of investment in Karawang this year is sure to continue to grow. Because the first quarter investment report record is still a temporary achievement. [SOURCE]

Nov, 03 2025

Bey Hopes Investment in West Java Will Bring Positive Impact

KBRN, Bandung: Acting Governor of West Java Bey Triadi Machmudin hopes that the realization of investment in West Java in 2025 can have a full positive impact on the community. He also hopes that investment in West Java will remain the highest from before. However, investment must still have an impact on the community, especially solving the current unemployment problem. "Hopefully it will remain the highest in 2025, but it is how this investment impacts the community. So don't just invest," said Bey on the sidelines of Bewara Jawa Barat (BEJA) entitled Realization of West Java Investment 2024 and Economic Prospects in Supporting Investment in West Java in 2025, in the East Hall of Gedung Sate, Bandung City, Tuesday, (11/2/2025). He explained that the pattern that must be carried out is how to encourage the absorption of labor. For example, said Bey, by synchronizing graduates with industry needs. "First, the problem of vocational schools, link and match must be maintained. So all workers should be able to come from West Java, that will reduce," he said. Not only that, synchronization between the investment industry and business actors such as MSMEs, in providing supporting spare parts needs must also be in line. "Link and match, for example, this investment requires a supply chain company. The supply chain must also be from West Java, so that it can build MSMEs around it," he said. He hopes that with the completeness of industrial needs starting from Human Resources (HR), to others, it will not only be able to attract more investors. But also able to absorb labor, in a joint effort to reduce unemployment and social inequality in society. [SOURCE]

Mar, 17 2025

Jokowi Inaugurates State Palace and Offers Investment in IKN

Borneonews - Jakarta, the President of the Republic of Indonesia, Joko Widodo, is scheduled to visit the Capital City of the Archipelago (IKN) located in East Kalimantan on October 11 2024. This visit aims to witness the ceremonial inauguration of the new State Palace as well as groundbreaking various infrastructure projects in the region the. Information regarding the president's visit was conveyed by the President's Special Staff, Ari Dwipayana, at the Presidential Palace complex in Jakarta. Ari confirmed that during the visit, President Jokowi would inaugurate several important projects including the State Palace. He stated, "There is an agenda for the President to visit IKN on October 11 2024. It seems there will be several inaugurations and groundbreakings, including the State Palace." In the official agenda, President Jokowi will also invite 16 entrepreneurs working in the mining sector to attend. It is hoped that their presence will increase investment interest in IKN. This was emphasized by the Minister of Investment, Rosan Roeslani, after meeting with President Jokowi at the Merdeka Palace. Rosan explained, "God willing, we will review it directly. Later Friday, the plan that was present here will review it directly with IKN. So that it will generate interest in even greater investment." The majority of the 16 entrepreneurs invited came from the coal sector in Kalimantan, and they have formed a consortium. This consortium will focus on investing in projects related to public infrastructure, such as the construction of parks, restaurants and other public facilities related to people's lifestyles. According to Minister Rosan, "They will form a consortium for several ideas for building parks, building communities there, so that communities are formed, lifestyle, restaurants and others." This statement shows a commitment to creating a better environment in IN with investment support from the private sector. (SOURCE)

Oct, 11 2024

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